Added to YB: 2025-10-13
Pitch date: 2025-10-09
3898.HK [bullish]
Zhuzhou CRRC Times Electric Co., Ltd.
Author Info
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Company Info
Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the research and development, design, manufacture and sale of propulsion and control systems to rolling stock industry in Mainland China and internationally.
Market Cap
HKD 65.2B
Pitch Price
N/A
Price Target
N/A
Dividend
2.21%
EV/EBITDA
11.85
P/E
14.31
EV/Sales
2.17
Sector
Machinery
Category
growth
CRRC Zhuzhou Times Electric(3898.HK): Power semiconductor stalwart buried under a locomotive company
3898.HK: CRRC subsidiary w/ rail electrical systems (60% rev) + power semiconductors (40% rev). Revenue CAGR 18%, EPS CAGR 17% since 2021, trading 15x PE. 2nd largest IGBT supplier for China NEVs behind BYD. SOE status provides supply chain security vs competitors. Sum-of-parts valuation suggests 18-22% IRR.
Read full article (9 min)